How to Buy Apartment in Dubai: Best Steps & Cautions

How to Buy Apartment in Dubai

Dubai is known as an alluring place for the glitzy people to live a life of luxury. Buying an apartment in this safe and luxurious city is a dream for ambitious people. However, many people may not know how to buy apartment in Dubai even if they have the desire and ability.

In today’s guide, we will tell you exactly what steps you should follow to easily buy an apartment in Dubai. Right from choosing the right place, necessary documents and legal assistance, everything is covered in today’s discussion.

Let’s start. Shall we?

How to Buy Apartment in Dubai-7 Steps

Choose a suitable area:

The 1st thing to do when buying an apartment in Dubai is to decide on a suitable location. Each area of Dubai is unique in terms of environmental beauty and essential civic services.

For example, Downtown Dubai is ideal for those who prefer proximity to iconic landmarks like the Burj Khalifa. Again, Dubai Marina can be perfect for sea lovers.

Therefore, you decide on a suitable area considering your preferences and required services such as transportation system, medical and educational institutions, shopping malls, entertainment places etc.

So choose a perfect area, where you are feel comfort.

Hire a real estate agent:

As a new buyer, you may not know how to buy apartment in Dubai. In this case, it is better to hire a real estate agent to make the whole process easier. A skilled agent can give you a great idea about local market conditions. Also, he can help you negotiate the price with the seller and do the necessary paper work.

However, the selected agent must check whether the agent is RERA approved or not.

And, if you want to buy an off-plan apartment, don’t forget to know the history and reputation of the developer.

So, be partner with a skilled real estate agent and fulfil your desire about your dream home.

Legal Process and Documents:

Before taking the final decision, it is necessary to check whether the property has any legal problems or not. A local lawyer can be consulted if necessary to avoid future problems.

If all goes well, now is the turn of signing memorandum of understanding (MOU). It is considered a preliminary agreement before the transaction is finalised. The Memorandum of Understanding usually specifies all the terms and conditions of the buyer and seller including the purchase price, time of transaction, date of handover. It is a valid legal document till registered in DLD.

So, make sure that the terms mentioned in it are clear and unambiguous.

Dubai Land Department Accreditation:

Now coming to the last step you must register the purchased apartment in DLD. DLD mainly regulates all matters including land purchase, transfer, registration in Dubai. Its main function is to issue a title deed and document in the name of the buyer. DLD officially legalizes your apartment purchase and transfers the ownership.

Additionally, if you buy an apartment in an under-construction building, DLD works to ensure proper construction process. And, it has the ability to refund your investment if the project is canceled for any reason.

Hence, after buying an apartment it is essential to register it with DLD.

Important Things to Remember:

In addition to the above, it is important that you have some prior preparations for buying an apartment in Dubai. For example:-

Financial Matters:

Finance matters should be taken care of-

apartment service charge,
maintenance fee and DLD fee,
registration fee, transfer fee,
agent commission,
VAT and your
living expenses.

Security Matters:

Security matters such as 24-hour guard, CCTV surveillance, and fire safety systems should be taken care of.

Sum Up

Finally it can be said that, By following our guide on how to buy apartment in Dubai,

You can reach your goal easily and smoothly. At Deen Properties, we’re experts in the market in Dubai.

Get in touch for advice about the areas with the best rental returns and how we can help with your property purchase, either as a holiday home or as a perfect investment property. https://deenpropertiesuae.com/